Mi 1045-2026

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The document is the Michigan Department of Treasury's MI-1045 form, which is an application for a Net Operating Loss (NOL) refund. It provides instructions for taxpayers to compute their NOL, determine adjustments to their Michigan income tax, and adjust their NOL for household income. The form outlines the process for carrying back or forward NOLs, including eligibility criteria and necessary calculations. It emphasizes that Michigan NOLs are calculated separately from federal NOLs and details the filing requirements and implications for homestead property tax credits.

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Click ‘Get Form’ to open the MI-1045 in the editor.
Begin by entering your personal information at the top of the form, including your first name, last name, and Social Security number. If filing jointly, include your spouse's details.
In Part 1, compute your Net Operating Loss (NOL) by filling in each income source line accurately. Use your U.S. Form 1040 as a reference for this section.
Proceed to list any adjustments to Michigan source income in the designated lines. Ensure you only include relevant deductions as specified in the instructions.
Complete Part 2 by reporting your federal AGI and any additions or subtractions from your original return. This will help determine your taxable balance.
Finally, review all entries for accuracy before signing and dating the form at the bottom. Use our platform’s features to save and share your completed document easily.

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